World trade bottomed out in April and our national economy's recovery started in June according to my best estimate.
2) The main opportunities and threats to recovery here in Wichita: the weak dollar is helping make American aircraft more competitive vis-à-vis Airbus and Embraer. In the Wall Street Journal, Mike Spector Vanessa O'Connell and Kate Haywood reported that CIT filed for bankruptcy "in New York, listing assets about $71 billion and nearly $65 billion in liabilities." CIT's bankruptcy shows the fragile financial shape of the aircraft leasing business. CIT Aerospace is a major aircraft lessor with aircraft worth something in the vicinity of $10 billion.